Electronic Funds Transfer (EFT) Program
Commercial Lines, Umbrella and Boatowner Policies

EFT Authorization Form

Are you looking for a more convenient way to pay your policy premium? Are you tired of writing checks or remembering to go online and pay your premium? Avoid the hassles and sign up for Germania’s EFT program!

About the Program

Germania Companies are pleased to offer our customers the convenience of a pre-authorized checking account payment plan. When you select this payment method, the premium for your current Germania policy, as well as any renewal policies or additional insurance policy or coverage purchased, will be automatically deducted from your banking account using Electronic Funds Transfer. Premiums are drafted monthly. For example, if your premium is $120, your bank account would be drafted $10 each month.

What are the advantages of EFT?

The convenient automatic withdrawal of premium payments eliminates installment fees, check writing, and the risk of losing coverage due to non-payment. You save money and can spend more time on the things that matter.

How do I enroll in EFT?

There are several ways to enroll in the EFT program.

When completing the authorization form, please be sure to choose a draft date (1-28) for each policy you elect to be paid via EFT. If you do not indicate a date on the form, we will use a date close to or on the effective date of your policy. Once enrolled, you will receive a notice that will state the amount of the monthly deduction and when the first payment will be withdrawn from your account.

How do I stop EFT?

If you wish to discontinue the EFT deduction from your account(s), please contact your agent in writing. When we stop automatic drafting of your account(s), we will send you a paper bill for premium payments. Of course, the EFT deduction will also stop upon the termination of insurance coverage and the satisfaction of any outstanding premiums and/or fees that are due.

Any Questions?

Please contact your agent or Billing at 1-800-392-2202, ext. 4811.

Frequently Asked Questions

Q: Will I receive notification of the amount to be drafted?

A: Yes, when the policy is changed to EFT, you will receive a notice of the draft dates and amounts. Should your policy premium change during the year, you will receive a new notification of draft dates and amounts.

Q: Once I am set up on EFT, can I change my draft date?

A: Yes, you can contact your agent to request this change. Depending on the new date requested, the change may not take place until the next month.

Q: What do I do if my financial institution information changes?

A: Log in to your account on our website to add and select the new bank information. Or, notify your agent of the change in financial institutions and the effective date of the change.

Q: What do I do if I no longer wish to pay by EFT?

A: Notify your agent of the policies you wish to have taken off EFT.

Q: If I have multiple policies, do I have to select the same draft date for all?

A: No, a different draft date may be used for each policy. The draft date may be any date from the 1st to the 28th of the month.

Q: If I have multiple policies, do I have to use the same financial institution for all?

A: No, a different financial institution may be used for each policy. A voided check must be sent for each financial institution.

Q: Can I have payments drafted out of my savings account?

A: Please provide the bank’s routing number and your account number. Indicate "Savings" account on the form and send to your agent or the home office.

Q: Are there any fees if I pay by EFT?

A: No, we do not charge a fee if paying by EFT. In addition, we do not charge the typical installment fee if paying by EFT.

Q: My policy has just renewed. Is it too late to pay by EFT?

A: No, as long as it is prior to the due date on the premium notice, the policy may still be set up on EFT. If a payment is required prior to the policy being set up on EFT, you will be contacted by our office.

Q: How do I get the authorization form to you?

A: You can fax a copy of the form and voided check to 979-830-7544 or mail to:

Germania, PO Box 1400, Brenham TX 77834-1400.

Q: What is the transit number and where is it located on my check?

A: This is a number used by the financial institution for processing items on your account. The transit (or routing) number is located on the bottom line of your check. If unsure what number to put on the form, attach a voided check, or contact your financial institution for the transit number to be used. As long as you provide a voided check, we have all the information needed to draft your account.

Q: Can I send a deposit ticket instead of a voided check?

A: A voided check is preferred since some financial institutions have different routing numbers on deposit tickets

Q: Can I make an additional payment during the year and stay on EFT?

A: Yes, additional payments are accepted if paying by EFT. Future payments will be reduced by the amount received, and a new draft schedule will be sent indicating future draft dates and amounts.

Q: Can my policy be drafted one time for the year regardless of the premium due?

A: At this time, no. All premiums for Commercial, Umbrella, and Boatowner policies are drafted monthly.

Q: Will I receive a reminder each month?

A: No. A draft schedule is sent for the policy term (one year). Another schedule is sent only if the draft date and/or amount changes from the original schedule.

Q: Can I obtain additional copies of my draft schedule?

A: Yes, contact your agent or call the home office at 1-800-392-2202, Ext. 4811, to request another copy.

Q: If I make changes to my policy, will I receive a new draft schedule?

A: Yes, a new draft schedule will be sent any time the premium on your policy is changed, resulting in different draft amounts.